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Topic: Long or Short since Bitcoin reached 8800 again? - page 3. (Read 496 times)

member
Activity: 490
Merit: 17
The trend has changed on short time chart and I think most of the indicators are pointing to bullish market directions. I think now is the right time to buy bitcoin again especially if you are a short time investors and make few profits from the current momentum.
hero member
Activity: 1305
Merit: 511
Now the bitcoin is start to recover in his price.Now the price of bitcoin is reached 9000$,if you have any bitcoin in your wallet.Just hold it.
Whenever the price start to raise you have to hold it for your future.If the price is start to raise ,surely it will moves to any peak .
So don't sell by seeing the small raise and fluctuations.
hero member
Activity: 1666
Merit: 753
Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive  Huh

Since BTC broke $9000 in the past few hours, I'm quite optimistic.

Right now I'm expecting a short pullback from $9.1k to around $8.8k. This shouldn't last long and will only serve as a correction because bitcoin has been rising for such a period of time. There will always be a small correction before the real pump.

We're looking at $10000 quite realistically within a few days. Once the correction is over, that is what I think will happen. BTC should test the $10000 resistance, if it does make a breakthrough, it should easily carry on to hit $11k.

So yeah, long for sure. Even though I expect a short term correction it's not going to be a big enough drop to be worth shorting.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
Long, always long. I hold bitcoin because I believe it is and will be the best coin, so I don’t care that much about the price. I am fully aware that it is a highly volatile asset, so I take what has happened in the past months for granted. It reached 19k too fast, so now we are in a consolidation phase.
hero member
Activity: 2268
Merit: 507
Catalog Websites
Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive  Huh
Still go for long term, I'm not planning to short bitcoin now.
Just keep on learning and just used to market like this and it's a good experience for you.
And next time upon experiencing the same market again, you will now have time to relax and calm.
hero member
Activity: 1526
Merit: 596
Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive  Huh

It's always hard for a newbie to trade in a bear market. You just have to learn as you go on.

The price has been up 2 days in a row now. We're hanging around just under $9k at the moment, which means that it could go both ways. If the $9k resistance doesn't hold up and we get to $9k+, then it's pretty much a bull outbreak confirmed and the momentum is going to push us over $10k by the end of the week. However, if the resistance holds up and proves too strong for this bull trend there is probably going to be a short term adjustment back down to around $8.5k.

Right now, we've been at this level for 4 hours with pretty much no movement.

I would definitely go long because even if the resistance holds up, it won't do so forever. Probably going to pump again after the correction.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Depends on your risk appetite IMO. Like with all investments all your supposed moves should depend on how well you tolerate risks and your investment goals.
hero member
Activity: 826
Merit: 502
I'm shorting until a week after the G20 meeting and all the upcoming news.

For me it's profitable for now.

I think now we dso not have to worry when we hear that there will be a meeting of G20 for the benefit of bitcoin and it is obvious that there will be no further restrictions for the users of bitcoin and they will make bitcoin much better for the use of the countries so that they will not need any further regulations. And I also heard that they will announce that no any further regulations will be made against bitcoin.
legendary
Activity: 1162
Merit: 1002
I'm shorting until a week after the G20 meeting and all the upcoming news.

For me it's profitable for now.
newbie
Activity: 6
Merit: 0
Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive  Huh
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